Australian Home-Building Approvals Rise

TODAY: May 4, 2015 PUB DATE: May 4, 2015

SYDNEY--The number of Australian home-building permits rose in March, driven by demand for apartments and fueled by the first cut in interest rates in a year and a half. Approvals to build or renovate houses and apartments rose by 2.8% ...

Costco Accuses J&J Vision Care Unit of Price Fixing

TODAY: May 4, 2015 PUB DATE: May 4, 2015

Costco Wholesale Corp. has accused Johnson & Johnson's Vision Care Inc. of causing the retailer's customers to pay higher prices for the eye company's contact lenses. Costco in March filed a complaint against Johnson & Johnson, which revealed the suit ...

ADB to Cooperate With China-Backed Bank

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--The Asian Development Bank said it has agreed to cooperate with the China-backed Asian Infrastructure Investment Bank following senior-level discussions between the two institutions. Asian Development Bank President Takehiko Nakao discussed the proposals for cooperation in cofinancing with Jin Liqun, ...

China April HSBC Final Manufacturing PMI 48.9 Vs 49.6 in March

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, fell to a final reading of 48.9 in April from 49.6 in March, HSBC Holdings PLC said Monday. A reading below 50 indicates a contraction in manufacturing ...

Subscribers: Japan Market Items Not Available Due to Holiday

TODAY: May 4, 2015 PUB DATE: May 4, 2015

Items about Japan's markets that are usually published on a regular schedule won't be published Monday through Wednesday due to public holidays. The items will resume Thursday. (END) Dow Jones Newswires May 03, 2015 19:49 ET (23:49 GMT) Copyright (c) ...

Deal Breakups On Rise

TODAY: May 4, 2015 PUB DATE: May 4, 2015

(FROM THE WALL STREET JOURNAL 5/4/15) By Stephen Grocer Buyers are striking deals for U.S. companies at the highest level in eight years, but they are also backing out at a record clip. So far this year, acquirers have withdrawn ...

China Shares Drift Lower

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Chao Deng China shares drifted lower Monday after a reading of the country's manufacturing activity slowed more sharply than initially expected, a further sign the economy is flagging. The Shanghai Composite Index was down 1.2% at 4390.140 and the ...

Australian Home-Building Approvals Rise on Lower Rates

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By James Glynn SYDNEY--The number of Australian home-building permits rose in March, driven by demand for apartments and fueled by the first cut in interest rates in a year and a half. Approvals to build or renovate houses and apartments ...

Singapore's Unemployment Rate Eases in First Quarter

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's overall unemployment rate was 1.8% in the first quarter, the lowest level since the third quarter of 2013, underscoring the central bank's worries about a tight labor market. The unemployment rate for residents fell to 2.5% ...

China Manufacturing Activity Dips in April

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--The HSBC China Manufacturing Purchasing Managers" Index, a gauge of nationwide manufacturing activity, fell to a final reading of 48.9 in April from 49.6 in March, HSBC Holdings PLC said Monday. A reading below 50 indicates a contraction in manufacturing ...

China Factory Gauge Shows Weakness in April -- Update

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--China's manufacturing sector in April turned in its weakest performance in a year, according to a private gauge of the country's factory activity, suggesting that Beijing may need to speed up its efforts to boost the economy. The private-sector HSBC ...

Trading in Greek Government Bonds Slows to a Trickle

TODAY: May 4, 2015 PUB DATE: May 4, 2015

Greece's standoff with creditors has investors speculating once again about the impact of a default on its debt or the country's exit from the euro. What it hasn't done is spark much trading in Greek government bonds. Only EUR2 million ...

Fosun to Buy Insurer Ironshore for $1.84 Billion

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--An arm of Fosun Group will spend at least $1.84 billion to acquire the 80% of U.S. insurer Ironshore Inc. it doesn't already own, as the Chinese conglomerate furthers a bet on the global insurance industry. Fosun International Ltd. said ...

Warren Buffett Gets Heat Over 3G Ties

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Anupreeta Das Warren Buffett has frequently touted Berkshire Hathaway Inc.'s partnership with private-equity firm 3G Capital. At Berkshire's annual meeting Saturday, he was forced to defend it. Many Berkshire shareholders wanted to know if their company's business principles were ...

Sysco, US Foods to Face Off Against FTC at Hearing

TODAY: May 4, 2015 PUB DATE: May 3, 2015

By Annie Gasparro And Brent Kendall To save their planned merger, food-distribution rivals Sysco Corp. and US Foods Inc. need to convince a federal judge over the next two weeks that their industry is a lot more diverse than antitrust ...

Senior German Politicians Call For Action Over Spy Allegations--Report

TODAY: May 4, 2015 PUB DATE: May 3, 2015

By Eyk Henning FRANKFURT--Several high ranking German politicians Sunday pledged to strengthen parliament's control over the country's intelligence service following allegations that it helped the U.S. spy on European allies. "The parliament's working group needs to be beefed up significantly," ...

Myriad Genetics Fights Off Threats From Rivals

TODAY: May 4, 2015 PUB DATE: May 3, 2015

By Joseph Walker SALT LAKE CITY-- Myriad Genetics Inc. used a patent-protected monopoly to become one of the most successful and controversial DNA testing companies in the world. Now, nearly two years after the Supreme Court struck down its gene ...

Adidas Won't Sell Reebok, Says CEO -- Report

TODAY: May 4, 2015 PUB DATE: May 3, 2015

By Eyk Henning Adidas AG's (ADS.XE) chief executive said the German sportswear maker won't sell Reebok as its fitness brand has turned its fortunes around and is set to profit from future trends, according to an interview in German weekly ...

BHP Models Leaner Look For Mining

TODAY: May 4, 2015 PUB DATE: May 3, 2015

(FROM THE WALL STREET JOURNAL ASIA 5/4/15) By Rhiannon Hoyle SYDNEY -- Shareholders in the world's biggest mining company, BHP Billiton, could set a tone for the industry this week when they vote on whether to support a plan to ...

Senior German Politicians Call For Action Over Spy Allegations--Update

TODAY: May 4, 2015 PUB DATE: May 3, 2015

(Adds detail.) By Eyk Henning FRANKFURT--Several high ranking German politicians Sunday pledged to strengthen parliament's control over the country's intelligence service following allegations that it helped the U.S. spy on European allies. "The parliament's working group needs to be beefed ...